Podcast appearances and mentions of mike deaton

In this episode of the Property Profits Podcast, Dave Dubeau sits down with land-flipping expert Mike Deaton to uncover the secrets behind building serious wealth from flipping dirt. Mike and his wife Leah have spent over a decade mastering this niche, and he's here to explain why this lesser-known strategy might just be better than traditional real estate flipping. Mike shares how he and his wife started, how they find off-market land deals, and why direct mail still outperforms newer methods like cold texting. He also breaks down how they determine what to offer on properties, why owner financing opens the door to more buyers, and how even beginners can get started with modest budgets. If you've ever wondered why someone would sell land at a steep discount or how to generate consistent leads in a unique investing space—this episode is packed with practical insights. In this episode, you'll learn: What “flipping dirt” actually means and why it works How Mike and Leah pick target markets and analyze deals Why direct mail is still king in their business The power of owner-financing to attract more buyers How new investors can get started with minimal upfront capital   - Get Interviewed on the Show! - ================================== Are you a real estate investor with some 'tales from the trenches' you'd like to share with our audience? Want to get great exposure and be seen as a bonafide real estate pro by your friends? Would you like to inspire other people to take action with real estate investing? Then we'd love to interview you! Find out more and pick the date here: http://daveinterviewsyou.com/

In this conversation, John Harcar interviews Mike Deaton, who shares his journey from a corporate career in tech to becoming a successful entrepreneur in the real estate sector, specifically focusing on land flipping. Mike discusses the challenges he faced during his transition, the importance of having a mentor, and the strategies that led to his success in the land business. He emphasizes the significance of picking a niche, taking action, and maintaining a focus on cash flow. The conversation also touches on the current state of Mike's business and his future aspirations. Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

A great sector of Real Estate investing with a low barrier to entry is land flipping. Land flipping requires little start-up money, and the profits can be incredibly lucrative, with very little downside. There are millions of vacant land parcels in the United States. Mike Deaton, a successful land investor, generates as much income from land investing as he and his wife made combined in high-paying corporate salaries. Buying and selling land is easier than investing in houses, apartments, or other commercial buildings because it's just land with no physical structure. After becoming very successful flipping land, Mike is now coaching others on how to replicate his success.

Land is often overlooked as an investment vehicle, but today's guests explain why it could be perfect for you. On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Ligia and Mike Deaton, the founders of Flipping Dirt. Their Flipping Dirt coaching program is designed to help others grow their own real estate ventures, produce mounds of cash flow, and enable a lifestyle transformation. Jonathan, Ligia, and Mike discuss the importance of getting your spouse on board in real estate investing. You'll hear how Ligia and Mike broke out of the W2 world to become entrepreneurs, why the simplicity of land drew them to it, and the challenges they faced as they got started. Ligia and Mike explain the importance of maintaining marketable skills as a backup plan, setting expectations for land flipping, and why success can take a while. Finally, you'll hear the unique qualities of land, Ligia and Mike's tips for getting started, why they try to stay below $50,000 for a land purchase, and what makes this asset class so appealing. If you feel like real estate is too expensive, you won't want to miss Ligia and Mike Deaton making the case for land investing. In this episode, you will hear: Getting on the same page with your spouse for real estate investing and how they broke out of the W2 world as a couple The simplicity of land and the challenges Mike and Ligia Deaton faced The allure of land in cost and ROI Why entrepreneurship wasn't on Ligia's radar as a kid and Mike's exposure to it growing up Maintaining marketable skills as a backup plan The two types of personalities who want to flip land and how Mike and Ligia set their expectations What went wrong with their first deal and why it can take a while to find your success The unique qualities of land and why there is a buyer for every type Mike and Ligia's tips for getting started in land and how they customize plans for their clients The properties they target and why they try to stay below $50,000 Land's lack of maintenance, what makes that appealing, and how to market it Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/205/ to download it. Supporting Resources: Flipping Dirt - flippingdirt.us Ligia and Mike Deaton on YouTube - www.youtube.com/@mikeandligia Find Ligia and Mike on Facebook - www.facebook.com/mikeandligia Ligia and Mike on Instagram - instagram.com/mike_and_ligia Connect with Mike Deaton on LinkedIn - www.linkedin.com/in/michaelbdeaton Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

In this episode of the Raising Private Money podcast, we delve into an inspiring journey of financial transformation with Mike Deaton. Mike and his wife, Ligia, found success in a niche part of the real estate market—flipping vacant land. Mik shares their story, educating listeners on how they raised over $1,000,000 in private money and crafted a life they desired.A Nagging Dissatisfaction with Corporate LifeMike Deaton was once deeply entrenched in the corporate world, relying heavily on his job for income, supplemented only by modest investments in the stock market. Like many professionals, Mike faced the stark reality of job loss, which propelled him into a period of introspection. Despite contemplating a return to corporate life, he couldn't shake a persistent feeling of dissatisfaction, urging him to explore alternative income streams.Inspiration from "Rich Dad Poor DadThe influential book "Rich Dad Poor Dad" catalyzed Mike and Ligia's venture into land flipping. Inspired by the success stories depicted in the book, they invested in their education by attending a boot camp focused on flipping dirt. Armed with newfound knowledge and a 12-month timeframe with a defined budget, they embarked on their land-flipping journey.The Mechanics of Land FlippingLand flipping, also known as "flipping dirt," involves purchasing vacant land below market value and reselling it at a profit. Mike and Ligia primarily focus on properties with acreage, leveraging owner financing to facilitate more accessible transactions. They employ a strategic approach to locating potential sellers, utilizing list service providers to gather data on property owners. A particular focus is placed on out-of-state owners, who are often more willing to negotiate.Raising Capital for Real Estate VenturesRaising over $1,000,000 in private money is no small feat. Both Jay Conner and Mike Deaton emphasize the critical role of education and trust-building in this process. They highlight the importance of personal contacts and networking, attending events and clubs to educate individuals about passive investment opportunities in real estate.Jay Conner shares his approach to simplifying real estate financing language and hosting networking events to attract potential investors. Both speakers stressed the necessity of confidence and caution against appearing desperate, which can deter potential investors.From the Corporate World to Real Estate SuccessMike and Ligia's transition from the corporate sphere to successful real estate entrepreneurs wasn't instantaneous. They started by purchasing properties through direct mail campaigns, offering specific purchase amounts like $6,500 or $3,200, with the initial funding coming from their company's cash flow. For larger deals, they explored options such as institutional and private funding.Finding Buyers and Building on SuccessSelling the properties is another critical aspect of their venture. Mike utilizes a combination of social media platforms, paid listing sites, and an email list of interested buyers to secure sales. Their land-flipping success has paved the way for further real estate endeavors, such as raising funds for multifamily syndications.The Power of Coaching and MentorshipUnderstanding the complexities of the real estate market, Mike offers coaching services through flippingdirt.us. This initiative is designed to provide support and guidance on various strategies within the land-flipping business, helping aspiring entrepreneurs kickstart their real estate careers.Advice for Aspiring EntrepreneursMike's advice to those aspiring to break into real estate or any entrepreneurial venture is straightforward: take action. He emphasizes the importance of starting, even when conditions aren't perfect. Waiting for the "right" moment can often lead to

A great sector of Real Estate investing that has a low barrier to entry is land flipping. Land flipping requires very little start-up money, and the profits can be incredibly lucrative with very little downside. Mike Deaton, a successful land investor, generates as much passive income from land investing as he and his wife made combined in high corporate salaries. Buying and selling land is easier than selling a house, apartments, or other commercial buildings because it's just land with no physical structure. After becoming very successful, Mike is now coaching others on how to replicate his success. 

Mike Deaton, founder of Flipping Dirt and Deaton Equity Partners, sheds light on the world of land flipping. His simple buy low, sell high strategy requires very little time and energy, and results in major profits. Key Takeaways The Formula for Simple Land Flipping: There are a variety of business models when it comes to land flipping. Mike's strategy consists of buying properties significantly under market value, doing nothing to them, remarketing them, and selling them within 4 weeks for a hefty profit. There are very few outside parties and logistics involved. Marketing Tips for Land Deals: Mike shares his techniques for marketing and selling land properties quickly. He talks about the websites and platforms he uses to list properties, how and when he works with realtors, and how he approaches conversations with buyers. The Tax Advantages of Multifamily: After seeing such success with land flipping, Mike's tax bill was less than ideal. He decided to diversify his portfolio by investing in multifamily to take advantage of the tax and depreciation benefits that asset class brings. Now, his tax bill is near zero.   Mike Deaton | Real Estate Background Founder of Flipping Dirt and Deaton Equity Partners Portfolio: $1M in land holdings 1,000 multifamily units Based in: Woodland Park, CO Say hi to him at:  flippingdirt.us cashflowfightclub.com Best Ever Book: Mindset by Carol Dweck Greatest Lesson: the current financial environment is providing tons of learning   Check out Mike's previous episode: 2710 - 4 Strategies to Scale as a Multifamily Syndicator   Sponsors BV Captial BAM Capital    

Going Long Podcast SERIES HIGHLIGHT Episode 370: How Investing in MultiFamily Can Help You Find Your Life's Purpose ( To see the Video Version of today's conversation just CLICK HERE. ) In the conversation with today's guest, Mike Deaton, you'll learn the following:   [00:44 - 03:43] Show introduction with comments from Billy. [03:43 - 07:49] Guest introduction and first questions. [07:49 - 20:33] The backstory and decisions made that led Mike to this point in his journey. [20:33 - 26:58] How Mike was able to cultivate the mindset that made his goals and dreams become reality. [26:58 - 32:29] What gave Mike the drive and audacity to invest long distance and out of State in Real Assets, rather than sticking to his local market locations. [32:29 - 35:49] Mike talks about the power of networking and working with others, and how he personally went about bringing together his ideal team.   Here's what Mike shared with us during today's conversation:    Where in the world Mike is based currently: Rocky Mountains, Colorado. The most positive thing to happen in the past 24 hours: Spent labor day with his wife, unplugged from work and recharging! Favourite European city: Prague, Czech Republic. A mistake that Mike would like you to learn from so that you don't have to pay full price: It's critical to know who is leading whatever deal you are going into! They need to have the character and values of somebody that you want to have on your side. Book Recommendation: Mindset, by Carol Dweck. https://www.amazon.com/Mindset-Psychology-Carol-S-Dweck/dp/0345472322    Be sure to reach out and connect with Mike Deaton by using the info below:     Landing Page: https://deatonequitypartners.com/freedom      To see the Video Version of today's conversation just CLICK HERE.   How to leave a review for The Going Long Podcast: https://youtu.be/qfRqLVcf8UI     Start taking action TODAY so that you can gain more Education and Control over your financial life. Be sure to connect with Billy!  He's made it easy for you to do…Just go to any of these sites:   Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels

Ligia and Mike Deaton escaped the corporate world and entered the real estate market together in 2016. They formally launched their real estate investing business full time in 2017 and have incorporated multiple asset classes to combine tremendous cash-flowing financial returns with incredible tax benefits. They are currently active land investors as well as partners in more than 1,200 units of multifamily assets across multiple markets. As real estate entrepreneurs, they love enjoying ultimate lifestyle freedom while delivering on their mission in making significant impacts to both investors and the communities in which they partner. This week, Josh sits down with Mike and Ligia to talk being proactive, taking risks, and utilizing your resources to get to where you want to be.

Whether you want to be an active or passive investor, Mike Deaton's investing insights will help you move into a place of financial freedom. Check out his perspective on obtaining sustainable cash flow through passive real estate investing and the benefits of buying raw land.   Key takeaways to listen for Tax benefits of investing in real estate vs. working in a W2 job Efficient methods to locate and build your asset management team 2023 market predictions and ways to set realistic ROI expectations with investors Where and what to look for in finding good deal sponsors and operators  Why education is essential in achieving economic and time freedom   Resources Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle and Paperback Tax-Free Wealth by Tom Wheelwright | Kindle, Paperback, and Spiral-bound  Robert T. Kiyosaki Mindset by Carol S. Dwek | Kindle, Paperback, and Hardcover   About Mike Deaton Mike is a successful real estate investor, experienced Supply Chain executive, coach, and entrepreneur. He has over 30 years of experience running international Supply Chain organizations in Fortune 50 companies. He has transitioned into business entrepreneurship, owning and operating three successful companies with his wife, Ligia. His experiences in leadership, operations, and coaching give him a unique perspective and the sharpened skill sets necessary for finding, analyzing, and executing excellent investments. Understanding macro-level market forces, building outstanding, high-performance teams, and translating those resources into sharp execution yield superior results.  Mike believes the true joy in life comes from giving back, and as such, he finds purpose in providing as much value to others as he can. He loves nature and finds ways to spend as much time outdoors – hiking, trail running, and simply appreciating the beauty of life as he can.   Connect with Mike Website: Deaton Equity Partners Coaching Program: Flipping Dirt   CONNECT WITH US Are you looking for the easiest way to grow your passive real estate portfolio? Visit Great Venture Capital to join our Investor Club today! Follow Our Social Media Pages Facebook: Great Venture Capital LinkedIn: Great Venture Capital Connect on LinkedIn: Justin Dixon Email: Justin@GreatVentureCapital.com   SPONSOR Hire Tomorrow Whether you're trying to hire a full-time employee or a contractor to fill a gap, Hire Tomorrow can help. Hire Tomorrow is a boutique recruitment firm that has successfully filled Sales and Marketing, Human Resources, and Technology positions with companies ranging from Startups to Fortune 500. Check out Tomorrow.com or contact Recruiting@HireTomorrow.com for more information.

What does it mean to be truly financially free? In this episode, we're exploring how Mike Deaton went from being laid off to achieving financial freedom through real estate investing. He and his wife studied real estate investing in their newfound free time. They were committed to downsizing their lifestyle and had replaced their previous income with passive income from their investments within one year. He also discusses how they could qualify as real estate professionals, which allowed them to take advantage of tax deductions. He'll share the strategies for investing in multi-family properties, how to assess your personality, resources, and situation when investing in real estate, the importance of fear setting, and more. Join us as we explore Mike's inspiring story of achieving financial freedom through real estate investing.   [00:01 - 08:04] Opening Segment How Mike and his wife committed to real estate investing and achieved financial independence Diversifying into commercial real estate, primarily multi-family investments [08:05 - 12:28] From Unemployed to Financially Free: A Journey of Reinvention and Cash Flow Generation Through Real Estate Investing Mike in a program and found a coach to help with the journey Set conditions for success, but adjusted as the business model became successful [12:29 - 25:11] Exploring Passive Investing and Multi-Family Real Estate to Create a Passive Income Stream Investing $5,000 in property and selling it for $25,000 can yield high returns Owner financing is often used when selling properties Fear setting can be used to explore worst-case scenarios Multi-family properties are a good asset class due to the housing gap Syndication models can be used to purchase more significant properties [25:12 - 30:18] Closing Segment Mike's best investment: the land business Mike's worst investment: being an angel investor in a tech startup back in 2010 Most important lesson: do it with your eyes open Quotes: "If you find a community that's doing what you want to do, you will accelerate your learning." - Mike Deaton   "The most important aspect of doing your due diligence is on the people that are involved in the deal." - Mike Deaton   "Success leaves clues." - Mike Deaton Connect with Mike! Website. www.FlippingDirt.us    Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms. Join our Passive Investor Club to access passive commercial real estate investment opportunities. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Mike Deaton by Gary Fogle

Within your first few years of real estate investing, any good investor makes way more than they ever had in their life.  And a negative aspect of more income is Uncle Sam demands a much larger payday for your hard work. Today's guest, real estate investor, Mike Deaton, found this out the hard way.  But instead of submitting to Uncle Sam's foot, Mike found some creative commercial real estate industries to maximize his income and minimize his taxes.  In this episode, Mike reveals how to use commercial real estate investing to lower your tax bill (even if you have no experience in commercial real estate).  Listen now.  Show highlights include:  3 of the best commercial real estate industries for dramatically cutting Uncle Sam's bill (2:23)  Why Texas is the best state to grow a multifamily extension to your investing business (even if you don't live there) (4:56)  The “Hopes and Aspirations” copywriting trick which makes every investment more attractive to buyers (7:49)  2 profitable reasons why “wasting” thousands of dollars on coaching fast tracks your growth (10:11)  How to crush your stock market returns—while also lowering your taxes (13:23)  Want help diving into the world of land and multifamily investing? Check out Mike's website at: https://deatonequitypartners.com/freedom.  To get the latest updates directly from Dan and discuss business with other real estate investors, join the REI marketing nerds Facebook group here: http://adwordsnerds.com/group Need help with your online marketing? Jump on a FREE strategy session with our team. We'll dive deep into your market and help you build a custom strategy for finding motivated seller leads online. Schedule for free here: http://adwordsnerds.com/strategy

Many of us were tricked into thinking good grades and a good job leads to happiness. While there are many valuable business lessons you can learn in the corporate world, many people feel like it sucks their soul dry.  Then, of course, there's always a possibility of getting laid off.  Well, that story played out for today's guest, real estate investor, Mike Deaton. Both he and his wife got laid off at the exact time — but instead of jumping back into the corporate rat race, they reflected and decided to jump into real estate investing.  In this episode, you'll discover how having a corporate background simplifies your success in real estate investing. And Mike shares how to tell, with certainty, if it's time to leave your corporate job for entrepreneurship.  Listen now.  Show highlights include:  5 simple questions to ask yourself if you're thinking about leaving the corporate rat race for a real estate investing career (8:27)  The “Multifamily Tax Haven” secret for lowering your tax bill (without sacrificing your income) (9:16)  Why former corporate employees have an unfair business advantage in real estate investing (11:41)  How to guarantee you have at least some income coming in even when you don't work (14:19) Why breaking you year down into 13 weeks maximizes your income (22:45)  Want help diving into the world of land and multifamily investing? Check out Mike's website at: https://deatonequitypartners.com/freedom.  To get the latest updates directly from Dan and discuss business with other real estate investors, join the REI marketing nerds Facebook group here: http://adwordsnerds.com/group Need help with your online marketing? Jump on a FREE strategy session with our team. We'll dive deep into your market and help you build a custom strategy for finding motivated seller leads online. Schedule for free here: http://adwordsnerds.com/strategy

Are you an Accredited Investor that's tired of getting crushed by paying so much in income tax? Find out how we're helping others like you keep Uncle Sam out of your pocket. Click the link HERE.  ( To see the Video Version of today's conversation just CLICK HERE. ) Going Long Podcast Episode 252: How Investing in MultiFamily Can Help You Find Your Life's Purpose In the conversation with today's guest, Mike Deaton, you'll learn the following:   [00:44 - 03:43] Show introduction with comments from Billy. [03:43 - 07:49] Guest introduction and first questions. [07:49 - 20:33] The backstory and decisions made that led Mike to this point in his journey. [20:33 - 26:58] How Mike was able to cultivate the mindset that made his goals and dreams become reality. [26:58 - 32:29] What gave Mike the drive and audacity to invest long distance and out of State in Real Assets, rather than sticking to his local market locations. [32:29 - 35:49] Mike talks about the power of networking and working with others, and how he personally went about bringing together his ideal team.   Here's what Mike shared with us during today's conversation:    Where in the world Mike is based currently: Rocky Mountains, Colorado. The most positive thing to happen in the past 24 hours: Spent labor day with his wife, unplugged from work and recharging! Favourite European city: Prague, Czech Republic. A mistake that Mike would like you to learn from so that you don't have to pay full price: It's critical to know who is leading whatever deal you are going into! They need to have the character and values of somebody that you want to have on your side. Book Recommendation: Mindset, by Carol Dweck. https://www.amazon.com/Mindset-Psychology-Carol-S-Dweck/dp/0345472322    Be sure to reach out and connect with Mike Deaton by using the info below:     Landing Page: https://deatonequitypartners.com/freedom      To see the Video Version of today's conversation just CLICK HERE.   How to leave a review for The Going Long Podcast: https://youtu.be/qfRqLVcf8UI     Start taking action TODAY so that you can gain more Education and Control over your financial life.   Are you an Accredited Investor that's tired of getting crushed by paying so much in income tax? Find out how we're helping others like you keep Uncle Sam out of your pocket. Go to https://www.firstgencp.com/goinglong   Be sure to connect with Billy!  He's made it easy for you to do…Just go to any of these sites:   Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels

 In 2016 Mike and his wife left their corporate jobs to dive into real estate. Two years later, they have launched two real estate businesses across multiple asset classes, combining tremendous cash-flowing financial returns with incredible tax benefits. They are active land investors as well as partners in more than 1,200 units of multifamily assets. Today Mike talks about investing in land!

Mike is a successful real estate investor, experienced Supply Chain executive, coach, and entrepreneur. Mike has over 30 years of experience running international Supply Chain organizations in Fortune 50 companies. He has successfully transitioned into business entrepreneurship, owning and operating 3 successful companies with his wife Ligia. Ligia spent the early years of her career contributing to multinational companies of various sizes, where she learned the importance of building strong networks with a diversity of people and having a keen attention to detail. Since she and her husband began their own business in 2017, her interest in creating wealth through real estate investments has continued to grow. She now sees multifamily investment opportunities as one of the best ways to deliver substantial, recession-resistant returns. They founded Deaton Equity Partners to help investors achieve their financial and lifestyle goals by investing in and improving multifamily community properties Let's hear more from them! So with no further ado Let's Dive In!    Highlights: [00:11 - 05:29] How these Couple of Entrepreneurs from Dallas-Fort Worth turned To Real Estate to Create passive income for life. In 2016, Ligia and Mike escaped the corporate world and went all into real estate. They've since scaled their business to amazing Heights and serve thousands of investors that manifest the life of their wildest dreams through generating passive income for life.   [05:29 - 10:37] Volatile Market: How Deals Fall as Prices Rise  They Share how the land investing business is doing, but they are looking to scale up and invest in other assets to gain more cashflow They feel that the competition in the multifamily space is intense, but they are still finding deals. There has been a shift in the dynamics of the market where some sellers are putting their properties up for sale at high prices, which is causing competition among buyers.   [10:37 - 15:49] How to Nurture Relationships with Property Managers to Acquire Multifamily Properties There is a shift in the market where people are starting to become more cautious about buying property. There are several factors contributing to this, including inflation, interest rates, and the current market psychology. One way that people are trying to make money in the market is by buying properties that are already for sale. One way to approach this is to talk to property managers and brokers about potential deals. It is important to have a team in place to help take down a property, invest in it, and grow it. [15:50 - 20:30] Closing Segment Reach out to Mike and Ligia Links Below Final Words   Tweetable Quotes “I think we had to work on our mental game because I felt like we were asking money from people until I had to have that paradigm shift that we're actually offering people an opportunity.” - Ligia Deaton   “The returns are just on a percentage basis. Returns are lower now on a net basis. We may be making more. Actual revenue coming in. You can scale, but you just have to do it through quantity. You have to ramp up your operations by bringing on team members, and automating things and you have to do a lot of smaller deals. Then say, in a commercial where you just deploy a large amount of capital and get your returns.” - Mike Deaton    -   ----------------------------------------------------------------------------- Connect with Mike and Liga Deaton by visiting their website deatonequitypartners.com/freedom Connect with me:   Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: [00:00:00] Sam Wilson: In 2016, Ligia and Mike escaped a corporate world and went all into real estate. They've since scaled their business to amazing Heights. They've served thousands of investors that manifest the life of their wildest dreams through generating passive income for life. Mike and Lidia. [00:00:24] Sam Wilson: Welcome to the show.  [00:00:26] Mike Deaton: Thanks so much, Sam, we're happy to be here.  [00:00:28] Sam Wilson: Thank you, pleasures mind. There are three questions. I ask every guest who comes in the show and maybe one of you can take this one for us. Where did you start? Where are you now? And how did you get there? And you have to tell me in 90 seconds or. [00:00:38] Mike Deaton: All right, I'll go. So where did we start? We started in corporate America, both got laid off in 2016 and figured out we wanted to do something different than work for somebody. So we started a real estate business. We started out doing land investing. Basically we were buying and selling vacant land. [00:00:56] Mike Deaton: So you buy low, sell high. We do a lot of owner financing. So we, we do promissory notes with our clients and build up a passive income book that way. And then about two and a half years ago we looked to diversify as well as get some tax benefits. So we were looking for commercial real estate options and went into multifamily and. [00:01:14] Mike Deaton: We, after doing some research, we figured out that almost everybody was going from single family or smaller multifamily into bigger multifamily. So we said, let's just go right for bigger multifamily. And we got into the world of syndication. So you know where we are now. We're actually living up in the mountains off of our passive income stream and, still running both businesses and just loving. [00:01:35] Sam Wilson: That's really cool. So both of you were laid off at about and, or at the same time in 2016?  [00:01:40] Mike Deaton: Yeah, that's right. Yeah. We were working for different companies and I, we were both in the Plano, Texas area, Dallas Fort worth, and I was working for Microsoft and, they went through a restructuring and a ramp layoff. [00:01:51] Mike Deaton: And I was not really looking to move to Seattle. So, found myself on the. And about the same time Lidio was working in a healthcare company and they were consolidating their operations and closed down a bunch of offices moved everything to their headquarters in, Northwest Arkansas. [00:02:07] Mike Deaton: And we were, we didn't really wanna move to Northwest Arkansas either. So we were both looking for work. Same time looking  [00:02:13] Sam Wilson: for work at the same time. Lidia, how did you guys decide to get into land investing? I mean, that's pretty nuance.  [00:02:19] Ligia Deaton: Well, I can start a little bit, but Mike knows the story way better. [00:02:22] Ligia Deaton: We, Mike listened to a podcast about passive income and heard about this, this niche that investing in land in raw land and, the guy that we actually, Went and mentor under had a program and a toolkit that Mike bought and we kind of, left it for a while. I think it's set on the shelf for six months before we really jumped into it. [00:02:47] Ligia Deaton: And after we got, we both got laid off we just decided to give it a try.  [00:02:51] Sam Wilson: That's really cool. Did you have any apprehension if it sounds like this was more Mike's idea than yours, was there any apprehension for you when you're like, Hey I wanna go buy some land. You going? What in the world are we getting into? [00:03:02] Ligia Deaton: Well, definitely it was initially Mike's idea. And then when I heard about it I agreed, we wanted to give it a try and I thought, okay, what's the worst for me? It was important to face the worst case scenario. What's the worst that can happen. If we buy land and it's not working, maybe we can just buy a trailer and live, live off the grid on one of the properties that we have until we figure it out. [00:03:25] Mike Deaton: Yeah, it's nice. You have an asset, yeah. So you can do something with it, I guess, worst case. Beyond that, the worst case or what we considered that could be a fallback, our worst case would be we just go get jobs again. if things don't work so right. It was definitely an anxiety filled time shifting out of a w two just for 25 years, I've been somebody else's employee into running your own business. [00:03:45] Mike Deaton: It was definitely a little  [00:03:46] Sam Wilson: nervewracking. Right. But you guys, to this day, even though you've gone larger, gone into bigger deals in multifamily, which I do wanna spend, the larger part of this conversation, kind of talking about that transition, how you got into it and how you've scaled your business on that front. [00:03:58] Sam Wilson: But you guys still, like you said, invest even still today in land. Is that right?  [00:04:03] Mike Deaton: We do. Yeah. It's a great business. I mean, the returns on land are pretty crazy. Like we get triple digit annual returns on our land, right? So we buy a piece of property. And as they say in real estate, you make the money on the buy. [00:04:16] Mike Deaton: And that's exactly the concept here is, we do like a lot of single family flippers or other people. We do a lot of direct mailing out to landowners and we make low ball offers and maybe 3% of the people will accept them. But on that 3%. We'll buy a piece of property for, let's say $5,000. We can sell it for 30 on the market. [00:04:34] Mike Deaton: And so, we try to go in at an entry point, that's 25% of the market value for a cash type sale. And then if somebody wants to buy on terms, we'll mark it up a little bit more just to, because they're paying out over five years or so. So we usually get our money back in 10 to 12 months and then everything beyond that's. [00:04:51] Mike Deaton: Just profit. The downside is it's a little harder to scale, large amounts of capital. And so, once you start buying properties that are worth 50 or a hundred or plus thousand dollars, well, people aren't really given those away. I mean, if you have a one acre five acre piece of property that. [00:05:07] Mike Deaton: That you inherited from somebody or your husband passed away and she's not gonna do anything with it. Then people are a lot more open to just getting it off their plate, stop paying taxes and doing things like that. But once you get a little bit bigger, so, that's where commercial real estate and larger scale we can deploy larger amounts of capital in that way. [00:05:24] Mike Deaton: The returns are just on a percentage basis. Returns are lower now on a net basis, we may be making more. Actual revenue coming in, but  [00:05:31] Sam Wilson: yeah. And that was gonna be my question about it is how do you scale a land investing business like that? And I think you've made a really clear differentiation there in that, once you get into a hundred thousand half a million, even a million dollar parcel of land, at that point, you're dealing with a sophisticated owner, a sophisticated seller, right? [00:05:47] Sam Wilson: You're not dealing with again, the one to five acre. Okay. We just don't know what to do with it. And we just wanted to get it off  [00:05:52] Mike Deaton: our plate. Yeah. Now we know people and we do try also as well. I mean, we, you can scale, but you just have to do it through quantity. You have to ramp up, really your operations through bringing on, team members, automating things and just, you have to do a lot more smaller deals than say in a commercial where you. [00:06:08] Mike Deaton: Just deploy a large amount of capital and get your returns,  [00:06:11] Sam Wilson: right? Yeah. And I like what you said on a net basis, your commercial real estate holdings are gonna do a lot more for you maybe on a percentage basis, a percentage return basis might be lower, but on a net basis it's far. [00:06:22] Sam Wilson: Yeah. And it sounded like that was one of the motivating reasons for you to then. Go straight into multifamily. You just said, Hey, there's opportunity here. Let's go capitalize on that. Where we can really get more of a return on our time investment probably. And maybe then necessarily your return on your dollar investment. [00:06:37] Mike Deaton: Yeah. A little bit of both. I mean, like I said we really wanted so I mean, our land business makes a lot of money. We have good six-figure income and revenue coming in, but we pay a lot of taxes because it's just straight up, capital returns basically. Right. What's there to write off. [00:06:51] Mike Deaton: Yeah. And so, we have some business expenses that we can write down, but those only go so far. And so we started looking for depreciable. Assets to invest in. And we were looking at mobile homes, storage units, multifamily, and, there really wasn't anything that said, this is the way to go. [00:07:04] Mike Deaton: So we just took a decision and said, let's go multifamily. And then, we'll go in for a bit. And if we wanna expand into storage units or diversify or things like that, we can do that down the road. But for now, we're we're traditionally, and typically looking at value, add multi-family deals where we can control the appreciation as much as possible. [00:07:20] Mike Deaton: Make a big difference in people's lives, by the way, while we're upgrading facilities and units and providing a better place to live than some of these that are more run down and generate a lot of returns for investors. So we saw it as a win-win to go into the space there and, and help a lot of people. [00:07:36] Sam Wilson: There is a lot of competition in the multifamily space to say the least that is a, it is a hypercompetitive market right now. So what are you guys doing to really get an edge and even find assets that you can buy that pencil that makes sense. And that yet still provide a return. [00:07:53] Mike Deaton: What are you doing? [00:07:54] Mike Deaton: no, I, I, so the way we've, so since starting a couple years ago li has kind of taken the CEO hat on the land business, and I've been starting up the multi-family business. So, a little more in depth there, but you know, what we really did was just started building our network. As soon as we got into the space, we started looking for mentors and coaches and groups. [00:08:13] Mike Deaton: We started. Really building, out our contacts in the brokerage world, as well as in the property management world. And so, I think a lot of us thought in the COVID era that it was gonna be a 2008 repeat where, property values were just gonna drop. We were gonna find a bunch of bargains and that didn't happen. [00:08:29] Mike Deaton: Fortunately we. Surrounded by a group of individuals that had a growth mindset and did not stop investing during COVID, it's just a matter of finding those deals and making sure they pencil out to your point. And so, right now, yes, there, there has been a lot of competition for deals. Cap rates are compressing values are going up. [00:08:50] Mike Deaton: It's just, it is been a bit more challenging, I will say, in the last. Two months, one to two months, it's really flipped, with the market uncertainty. I think a lot of people are hitting pause. The buying pool has shrunk and I'm in the situation now where my broker contacts are reaching out to me about deals and saying, Hey, take a look at this one. [00:09:10] Mike Deaton: Properties are starting to trade at a five to 10% discount. And so, you can feel a little bit of a tipping in the marketplace. You still have to be really sharp in your underwriting though, right? Because interest rates are fluctuating up and down to buy protection on your rate is super expensive. [00:09:26] Mike Deaton: Once you get into these, six figures to protect yourself 2% on the upside. And so, you really just have to be a lot more cautious. There's still deals out there. There's people that are needing to get out of properties. And so I think now we're starting to see a little bit of that deal making potential that's coming into the market. [00:09:42] Mike Deaton: Do you  [00:09:42] Sam Wilson: feel like the deal making potential we'll call it that cause you use that term deal, making potential coming into the market. Is an avalanche thing where, it's just taking a few extra sellers that all of a sudden are experiencing FOMO. They're going, oh my gosh, we're gonna miss out on the peak. [00:09:57] Sam Wilson: And so they start putting a few properties out there and then other sellers start seeing their properties going out there. And it's like the dog file effect. And all of a sudden, you just have this breakaway pricing. Is it that happening or is there a fundamental shift in the dynamics that can be bringing some of these prices down? [00:10:13] Mike Deaton: I think there's a little bit of both. I definitely have felt over the last, let's say six to 12 months that a lot of owners are really throwing some high prices out there. And just like in the housing market, I think sellers were just like, Hey, let's see if we can get it. And they have been, and that's the problem. [00:10:32] Mike Deaton: And now we're starting to see because there is some external market force striving geopolitical issues. You've got inflation running, you've got interest rates popping. And so yeah, a lot of people that are throwing those high prices out there the buyers are now kind of saying, Ooh, wait a minute. [00:10:47] Mike Deaton: We, we sense a top. But I also think there is a lot of this market psychology. If you will, where you start looking around and saying, holy cow, they got what for their property. Well, I'm gonna put it out as well. And there' some FOMO probably out there, but I think it's, I think it is really starting to tip I have brokers, like I said, that are reaching out that. [00:11:06] Mike Deaton: Properties are getting no offers and they're like, this seller has to sell and he'll take really, whatever you put a number out there and see if he bites. So I think there is, a shift starting to happen.  [00:11:16] Sam Wilson: We've spent quite a bit of time on this show and you wouldn't know this, but here the last few recent episodes talking about strategic ways to forge relationships with brokers, one of the things that you mentioned though, that I don't think we've talked about much is how people are establishing relationships with their property management companies. [00:11:32] Sam Wilson: you said that's two of the ways that you guys are finding opportunities by, working with brokers and with property managers. What does that conversation sound like when you go and talk to a property manager, it's like, Hey, by the way, I'm Mike and li and we wanna buy Origio excuse me. [00:11:45] Sam Wilson: And we want to buy multifamily properties. I mean, where talk to us about how you even begin that conversation and how you nurture those relationships.  [00:11:51] Mike Deaton: Yeah, that's a great point. But it's a really critical one. I think what I understand and the way I approach property management is really just forging relationships. [00:12:00] Mike Deaton: Potential business in the future. So, we own several properties and. We try to assess, who are the strong players in a given market. And while we may have a relationship with one property management company running our properties, it's always nice to have some in your back pocket. [00:12:17] Mike Deaton: We're continually looking at deals and anytime we do, we go out to. Various property managers to get their performer look at, what they would do. And so most of them are very open about wanting to help out and, they're trying to win business as well. And so, I find that it's pretty easy to strike up these conversations and most of them are very willing to talk about our current properties. [00:12:38] Mike Deaton: Any that we're looking at. And even this week I was having a conversation with one and they happened to be managing the property right next door to ours and knew that it was on the market. And so, we're able to get in the mix on a property and hopefully find some efficiencies across that. [00:12:52] Mike Deaton: I mean, it's really nice when you have some properties nearby one another, and you can share labor resources or marketing efforts or things like that to really amplify and cut down on expense.  [00:13:04] Sam Wilson: What have you done on the building team front? I mean, multifamily, especially maybe on the land investing front, that's something like you said, you could probably run that inhouse and keep that fairly small. [00:13:14] Sam Wilson: It's not small and tight, but multifamily is a team sport. Mm-hmm how built out your team to surround you when you guys are taking down? I, my gosh, what do you have? 1500 units at this point in just a couple short years. That's a lot of units in a short period of time. Yeah. How'd you do it?  [00:13:26] Mike Deaton: So both in our land, business and multifamily. [00:13:29] Mike Deaton: When we went in we knew that we wanted to do this full time. And we decided in order to do that, we needed to find a mentor, a coach, and a community that we can join to help accelerate the learning and offset or mitigate any potential missteps. And so specific to multifamily, we spent about six months doing research on what type of groups are out there. [00:13:50] Mike Deaton: There's a lot of syndication groups with gurus as they call 'em Michael Blas and rod clefs and you name it. And so we spent a lot of time. We went to a few events, we networked with people and we just tried to get a feel for. What does that community look like? And until we found one that resonated with us and signed up to be a part of a group called think multifamily. [00:14:09] Mike Deaton: It's run by mark in toil, Kenny out of Dallas. And it's a lot more intimate family oriented type feel to it. And so there was a lot of flexibility within the group. Some of the groups. There's more of a pecking order in terms of, you gotta start out as an LP, then you gotta bring a deal to me and then we'll walk you through. [00:14:25] Mike Deaton: And so, that structure felt a little restrictive for us. And this was a lot more flexible as well as any deals we're dealing directly with mark versus some of these other programs have a hierarchy and a tiered structure of coaches and coaches under coaches. And and so. [00:14:39] Mike Deaton: We signed up for that after about six months of research and that enabled us to really immediately plug into a network of owner operators, as well as legal experts, mortgage brokers people that can go out and find good lenders just a whole ecosystem of insurance brokers, people ready, made system of support that could help us without having to grow and find all these people on our own. [00:15:04] Mike Deaton: And so, that has really leapfrogged our journey. Within that structure, we did it fairly. We started out as LPs on a few deals that gave us an understanding of the deal flow, how things work. And then we joined as general partners where we were able to take a more active role in. [00:15:21] Mike Deaton: helping close a property, put up some risk capital invest as well. Bring in investors until we stepped into finding our own deal and pulling our own team together. And so, it was a very calculated. Process of scaling up to that number that we were able to, we also had some capital at our disposal, which always helps. [00:15:38] Mike Deaton: Right. Anytime you're able to bring capital into a deal doors open a little more than other things. But yeah, it's been, having that team around us has been essential, as you say, it's a team sport and we couldn't have done it without all of those, or we couldn't have done it as quickly. [00:15:50] Mike Deaton: Right.  [00:15:50] Sam Wilson: No, and I that's great. I mean, of course, we hear that quite a bit, but I don't think anybody's quite said it as, clearly as you have as to how that mentorship group worked for you and what it did to help you scale so quickly. One of the things that commonly people struggle with, especially starting out is raising capital for bigger deals. [00:16:09] Sam Wilson: Tell me about your capital raise process, are there things that you've learned in raising capital that you would say, Hey, this is something that either is worth repeating or here's a mistake I made that I would recommend maybe that you can avoid.  [00:16:21] Mike Deaton: Yeah. You wanna talk about the early days of capital raising [00:16:24] Ligia Deaton: Yes. I mean the, in the early days we thought we will definitely start with the friends and family and I think we had to work on our mental game because I felt like we were asking money from people, until I had to have that paradigm shift that we're actually offering people an opportunity. [00:16:45] Ligia Deaton: We're not asking money. So that was a big change. And it took us. It took us a little bit. We realized that our pool of friends and family got shrinked really soon. And we had to really start building processes and do something to reach out to to more people outside of that group. [00:17:06] Mike Deaton: Yeah. Where, I think there's a saying in, I don't know that it's specific to multi-family, but. People have to know, like, and trust you essentially. Right. And so with our friends and family, we have the know like, and even the trust in some areas, but then once it gets into financial areas, it's a little more like, okay. [00:17:20] Mike Deaton: And especially when you start talking about multi-family syndications, while when you're in it, it feels like everybody knows about it, but really not. A whole lot of people know about that as an investment class. And so there's a lot of education that has to go into building up that investor BA investor pool. [00:17:36] Mike Deaton: And it definitely, we started out, I think with high aspirations and quickly figured out like, oh, this is gonna take a different approach. So we had to pivot and start cultivating some on our friends and family side, but also bringing out outside investors. And so it was a bit of a different animal than we thought at the. [00:17:52] Sam Wilson: Right. Yeah. And it certainly is. I liked your word there of cultivation. I mean, that's what it is. It is it's a cultivation of those relationships and that just, and it takes time. Certainly certainly takes time, but definitely uh, that's really cool. That you guys, you figured out how to do it. [00:18:07] Sam Wilson: I mean, that's the short we're growing.  [00:18:09] Mean,  [00:18:09] Mike Deaton: We're not where we wanna be. And so, we're closing on a deal right now and we're in the middle of raising our. And so, I deal with we have a small team that are helping take down this asset, and there's some people that bring in millions of dollars, right. [00:18:23] Mike Deaton: I mean, they just, within a matter of a week, they have that. And we're just not to that level yet, but we have aspirations of getting there. But yeah. And we try to look at it as a long game. I mean, this show about scale is great and we. Or most of us wanna scale up and grow. But we're not looking for a quick fix. [00:18:40] Mike Deaton: I mean, we definitely are trying to do this a little more methodically, put good systems in place, build automation and a team and system so that we're in this for the long haul. And we don't have any delusions that we're gonna get there tomorrow. So, it's a learning game. [00:18:53] Sam Wilson: Awesome. Mike Andia. Thank you for taking the time to come on the show today and talk about your experience thus far. It's been fun to learn about the land investing business, the way you guys have taken down 1500 units here in the last couple years, how you're building team and just lessons learned along the capital. [00:19:08] Sam Wilson: Raise process. Certainly appreciate it. And thank you for your insight also, talked about how to relate to and how to grow relationships with property managers. So, lots of good information here. Certainly appreciate it. If our listeners wanna get in touch with you or learn more about you, what is the best way to do that? [00:19:22] Mike Deaton: We put together a landing page on our website, so you can go to Deaton equity partners.com/freedom, and it's like a one stop shop. We have contact information, phone numbers a couple of eBooks. If you're interested in getting started in land, there's a primer there. If you're in, interested in multifamily, got a little thing there. [00:19:38] Mike Deaton: So that's probably the best place. And then you can get in contact with this in whatever method is convenient for you. Awesome.  [00:19:45] Sam Wilson: We'll make sure to put that link there in the show. Again, appreciate you taking the time to come on today. Thank you so much. Likewise.  [00:19:52] Mike Deaton: Thanks. Thank you for  [00:19:52] Ligia Deaton: having us.  

Time is the one commodity that everyone has, but not everyone spends wisely.  What future do you envision with the time you have? Is it one of a lifetime of running in the rat race… or is it one that truly embodies the most ambitious dreams you have for yourself and your family?   Learn how to make those dreams a reality in the latest episode of the Cash Flow Pro podcast, where we enjoy the esteemed advice of Mike Deaton, founder of Deaton Equity Partners. Based out of Woodland Park, Colorado, his firm invests in multifamily syndication across the country, granting investors the opportunity to earn passive income under the guidance of experienced professionals.   In this episode, we discuss:   How Mike was inspired to pursue multifamily syndication The importance of cash flow in business and real estate alike Why knowing what you want out of life can lead to success How to exit the rat race and secure financial freedom for yourself and your loved ones   If you too seek to be a Cash Flow Pro, then tune in to this episode to Mike's wisdom and take one step closer to securing your own financial freedom.   Find your flow, Casey Brown Resources mentioned in this podcast: https://deatonequitypartners.com/ https://www.linkedin.com/in/michaelbdeaton/

Have you ever considered leaving corporate life and starting investing in real estate? What if that's the path you were looking for to generate passive income and have more time to enjoy your life with your beloved ones. Today, our amazing guests, Mike and Ligia Deaton will share with us their journey getting into real estate and how this industry helped them to redefine their goals and priorities. Their mission is to help others live their best lives - whether it is helping clients find the perfect mountain property, working with investors to build a life-changing passive income stream, or improving multifamily communities. Ligia and Mike Deaton have successfully ramped up a million-dollar real estate company focused on acquiring and selling rural residential land across the southwestern US to help people achieve their dreams of land ownership.  In 2020, they launched Deaton Equity Partners to acquire and operate multifamily properties as a perfect pairing to their land business - combining passive income and tax benefits.   Let's dive in! [00:01 - 08:42] Opening Segment  Mike and Ligia Deaton share their background and work How they decided to make the transition out of corporate Why they signed up for a coaching program Their passion for the flexibility and lifestyle of real estate [08:43 - 23:20] The Key to Starting Your Own Business What's the worst that could happen if you decide to go into entrepreneurship How long Ligia and Mike took to feel comfortable not going back to a job The process of redefining how much your need and starting a business Being willing to downsize one's lifestyle How Ligia and Mike built their business together and made it work [23:21 - 25:17] Closing Segment  Want to connect with Mike and Ligia Deaton?  Follow them on LinkedIn, Facebook, and Instagram. Head to  Deaton Equity Partners, and generate passive income to reclaim your time & fuel your life's adventures. Don't forget to take a look at  Open Plains Properties. WANT TO LEARN MORE? Connect with me through LinkedIn Or send me an email at sujata@luxe-cap.com Visit my website www.luxe-cap.com or my YouTube channel Thanks for tuning in!   If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! Tweetable Quotes "We really enjoy having control of our own time, we have almost unlimited control over our income...So it's really about having that level of control in life.” - Mike and Ligia Deaton  "Even if we don't live our dream from day one, start taking steps towards what you want to do.” - Mike and Ligia Deaton “We redefined how much we need and how much is enough and what is what wealth means to us.” - Mike and Ligia Deaton

How do you start a real estate business after leaving corporate for good? You're about to hear the answer as Mike Deaton offers his thoughts on the subject, including advice on scaling your company through partnerships and why land investing and multifamily is excellent for growing wealth. Join us to discover the path to ultimate lifestyle design!Key Takeaways To Listen ForHow to get out of corporate life and stop trading your freedom for moneyTips for starting a successful real estate businessThe role of partnerships in scaling a multifamily businessBenefits of land investing and multifamily investingIs it possible for someone to start investing with little money?Why working with other people is crucial to business successResources Mentioned In This EpisodeRich Dad Poor Dad by Robert Kiyosaki | Paperback & AudiobookTony RobbinsThink and Grow Rich by Napoleon Hill | Paperback & AudiobookThe Land GeekLand & Multifamily Investing GuidesFree Apartment Syndication Due Diligence Checklist for Passive Investor About Mike DeatonMike Deaton and his wife Ligia both escaped the clutches of the corporate world and entered the world of real estate investing together in 2016. They went all-in, full time, formally launching their real estate investing business in 2017, and have incorporated multiple asset classes to leverage tremendous cash-flowing financial returns with incredible tax benefits. They are currently active land investors as well as partners in approximately 1200 units of multifamily assets across multiple markets.  As real estate entrepreneurs, they love their elevated life in the mountains of Colorado and helping others create their own ultimate lifestyle freedom through incredible real estate investment partnerships. Connect with MikeWebsite: Deaton Equity PartnersFacebook: Deaton Equity PartnersLinkedIn: Deaton Equity PartnersInstagram: @dep_multifamilyTwitter: @dep_multifamilyTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams.Dream Chasers PodcastWant to listen to another Next Level Show?Subscribe to DREAM CHASERS | Interviews with the Future Podcast!

Buying real estate requires a lot of money, but you can buy parcels of land in growing areas for less than $500. There are millions of acres of land that you can buy for any reasonable offer as a result of tax liens, inheritances, or any number of reasons. Mike Deaton, Co-Founder and President of Deaton Equity Partners, has been buying and selling land for the past five years and parlaying his earnings into cash flowing multifamily assets. Learn more at https://www.streetsmartsuccess.com

Today's guest is Mike Deaton, Managing Partner, Deaton Equity Partners about is a successful real estate investor, experienced Supply Chain executive, coach, and entrepreneur. He has over 30 years of experience running international Supply Chain organizations in Fortune 50 companies and has successfully transitioned into business entrepreneurship, owning and operating 3 successful companies with his wife Ligia.Key Highlights- How Mike got started in Real Estate and is now living the life of his dreams- Multifamily is a team sport- Building high performing teams - Macro-level market forces- Know what you are looking for, Identify the metrics and track themBook Recommendation: Mindset - Carol DweckConnect with Mike DWebsite: https://deatonequitypartners.com/Connect with Rama KWebsite: www.ushacapital.comEmail: info@ushacapital.com

Ligia and Mike Deaton found in each other perfect partners in business…and life. In 2016, leveraging decades of experience in Fortune 50 multinational companies, they chose to stop trading their time for money and became entrepreneurial partners. They have successfully ramped up a million dollar real estate company focused on acquiring and selling rural residential land across the southwestern US in order to help people achieve their dreams of land ownership. And in 2020, they launched Deaton Equity Partners to acquire and operate multifamily properties as a perfect pairing to their land business - combining passive income and tax benefits. Mike & Ligia are partners in over 1,100 units and growing. Their mission is to help others live their best lives - whether it is helping clients finding the perfect mountain property, working with investors to build a life-changing passive income stream or improving multifamily communities. When they are not helping others manifest their best lives, you can find Ligia and Mike living their lives to the fullest in the great outdoors and enjoying the four beautiful seasons of Colorado in the Rocky Mountains.   Get in touch with Ligia and Mike Deaton: http://deatonequitypartners.com/freedom If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/ 

One of my favorite topics to cover lately is land investing. I've been doing it for about 3 or 4 years now and have been ramping it up over the last several weeks. As you may already know, my teenage sons have been working on land deals with me on a very part-time basis. We've done about $150K in deals so far and we're just now getting into selling land with owner financing.Ligia and Mike are a couple from Colorado who reinvests their land deals into bigger properties that produce longer-term cash flow. They've funded their lifestyle with land investing, which allowed them to reinvent themselves over the last five years. They got introduced to the concept through podcasts on cash flow businesses. Mike signed up for a coaching program but didn't wind up using it until he and Ligia stopped working in their full-time corporate jobs and they decided to go all-in. Today, they run a thriving real estate business that affords them the life of their dreams.What's Inside:—How Ligia and Mike funded their lifestyle with land investing.—Strategies Ligia and Mike used to scale their business.—Which target markets Ligia and Mike focus on.

Mike Deaton and his partner were once caught up in the rat race, attempting to strike a work-life balance. Life presented them with an alternative path, and they chose Multifamily real estate as their guide. Tune in to find out about their incredible journey! Topics on Today's Episode Entrepreneurship vs. Investing Process of passive investing system Raising money for land business How to get started in multifamily? Cultivating relationships to get more exposure Resources/Links mentioned Rich Dad Poor Dad by Robert Kiyosaki Audiobook and Hardcover Investors Tool Kit Tax-free Wealth by Tom Wheelwright Audiobook and Hardcover Kahuna Investments Best Ever Apartment Syndication Book by Joe Fairless Audiobook and Hardcover Raising Capital For Real Estate by Hunter Thompson Audiobook and Hardcover Mindset by Carol Dweck Audiobook and Hardcover Personal Development Tony Robbins Meditations by Marcus Aurelius Audiobook and Hardcover A CEO Only Does Three Things by Trey Taylor Audiobook and Hardcover https://deatonequitypartners.com/freedom About Mike Deaton Mike Deaton and his wife, Ligia, escaped corporate life and entered the real estate market together in 2016. They went full-time in 2017, formally launched their real estate investing business, and have incorporated multiple asset classes to combine tremendous cash-flowing financial returns with incredible tax benefits. They are currently active land investors as well as partners in more than 1,176 units of multifamily assets across multiple markets in the US. As real estate entrepreneurs, they love enjoying ultimate lifestyle freedom while delivering on their mission in making significant impacts to both investors and the communities in which they partner with the ultimate goal of returning over one billion dollars in investment returns. Connect with Mike Deaton Website: Deaton Equity Partners Quotes “ I hate the word “fail” because you know it's never a failure. You try something and if it doesn't work, it's “feedback”. ” - Mike Deaton “ Step forward in your life and look back on it.” - Mike Deaton “ A lot of times, success happens not to the stronger or faster man, but to the one who thinks he can.” - Corey Peterson Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard please leave a review on iTunes.

Ligia and Mike have been investing in real estate since 2006 while balancing demanding corporate careers. In 2016, they found  themselves both unemployed, with two daughters in college, a hefty mortgage and plenty of other bills to pay; they chose not to reenter the corporate rat race and instead embark on Life 2.0 They charged into real estate full-time, building a thriving, vacant land investing venture. The husband-wife duo has more recently transitioned to commercial real estate and are currently partners in over $50 million of commercial assets across more than 1,000 multifamily units located in multiple markets. The Deaton's love enjoying the ultimate lifestyle design, hiking the mountains in their hometown of Colorado, all while making a meaningful impact to both communities and investors. Let's dive in to learn more about land investing and how Mike and Ligia went to becoming entrepreneurs from being employees.   Announcement: Download Our Sample Deal and Join Our Mailing List   [00:01 – 08:38] Opening Segment  Mike talks about their background. How they started land investing as a side hustle. How their side hustle turned into a real six-figure income business.  How taxes led them to couple their business with multifamily. [08:38 –  17:55] Overcoming Fears How Mike overcame his fear to step into the world of entrepreneurship. Why they decided that they could step out of the safety net of a corporate career. Ligia gives some context on her background. How Mike's travels because of his job became a motivating fact for Ligia to start investing. The importance of identifying and facing your fears to be able to move forward. [17:55 – 42:57] Land Investing to Multifamily Mike gets into more detail about how they started land investing. How Mark Podolsky's guide helped Mike and Ligia to start land investing.  The upsides of land investing. Why land investing is a low-risk type of investment. How the tax bills for land investing led Mike and Ligia to invest in more depreciable assets. Why they prefer 3k to 5k worth of lands and how that helps. The importance of finding a mentor. How and why they progressed towards being active investors on the multifamily side. How Mike and Ligia grew as partners. Contact Mike and Ligia: Links below   [37:08 – 38:20] Round of Insights Apparent Failure: Mike's first marriage.   Most Recommended Book: Mindset: The New Psychology of Success   Daily Habit: Their daily routine   Number One Insight for Investing Dig in deep and get to know your lead sponsors.   Best Place to Grab a Bite in Colorado Bart's House   Contact Mike & Ligia: To learn more, you can go to Mike and Ligia's website.  Click here to listen to Mark Podolsky's episode on land investing.   Tweetable Quotes: “Mistakes can be super costly. So you owe it to yourself to have a good coach or mentor .” - Mike Deaton “I try to see things not as failures but as learnings and as a course correction along a path.” - Mike Deaton   Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

What does financial freedom look like for you? Is it working a W2 job, or is it something else? Here to share their cubicle escape plan are Mike Deaton & Ligia Deaton. Mike and Ligia are partners both in life and in business as co-founders of Deaton Equity Partners. Together, they have paved the way for a lifestyle of freedom to spend time with their family. Join their chat with Chris Roberts and be enlightened to carve your own path to financial independence. Plus, they share investing tips that will help accelerate your growth. Stay tuned!Love the show? Subscribe, rate, review, and share! http://chargingforwardpodcast.com/

Mike Deaton and his wife, Ligia Deaton, began their real estate career by flipping land and soon expanded their portfolio to include multifamily. In this episode, Mike shares how he chose his commercial real estate markets, successfully pitched to investors, and the success-mindset that kept him going. Mike Deaton | Real Estate Background Co-founder of Deaton Equity Partners which acquires and operates multifamily properties as a complement to their land business, combining real estate professional status, passive income, and tax benefits. Portfolio: 800 units as GP. 381 units as LP. 168 units as Key Partner. Based in: Woodland Park, Colorado Say hi to him at: www.deatonequitypartners.com | FB: Deaton Equity Partners | LinkedIn: https://www.linkedin.com/company/deaton-equity-partners Best Ever Book: Mindset: The New Psychology of Success by Carol S. Dweck Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss 

In this special episode I sit down with my mentor Mike. Mike has been coon hunting since he was 4 years old. We talk about a few very influential dogs in his career as a coon and squirrel hunter as well as some treeing cur history.  https://www.patreon.com/treetalkintime https://www.facebook.com/treetalkinmedia https://www.instagram.com/treetalkinmedia    

Mike Deaton is a successful real estate investor, experienced Supply Chain executive, coach and entrepreneur. He has over 30 years experience running international Supply Chain organizations in Fortune 50 companies and has successfully transitioned into business entrepreneurship, owning and operating 3 successful companies with his wife Ligia. Mike's experience in leadership, operations and coaching gives him a unique perspective and the sharpened skillsets necessary for finding, analyzing, and executing on superior investments. Understanding macro-level market forces; building outstanding, high-performance teams; and translating those resources into sharp execution yield superior results. Mike believes the true joy in life comes from giving back and as such, he finds purpose in providing as much value to others as he can. He loves nature and finds ways to spend as much time outdoors – hiking, trail running and simply appreciating the beauty of life as he can. Ligia spent the early years of her career contributing in multinational companies of various sizes, where she learned the importance of building strong networks with a diversity of people and having a keen attention to detail. Since she and her husband began their own business in 2017, her interest in creating wealth through real estate investments has continued to grow. She now sees multifamily investment opportunities as one of the best ways to deliver substantial, recession-resistant returns. Ligia is a proud Romanian-American who enjoys hiking in the Colorado mountains, being outdoors and spending time with her husband. And when not outdoors, her primary focus is to educate and leave a legacy of generational wealth for her beautiful and growing family. deatonequitypartners.com Coffee Sponsor: Bee Evans Follow us on Instagram: @TheMorningSpotlight Email us at: themorningspotlight@gmail.com www.themorningspotlight.com For title insurance inquiries contact Mike at michael.ham@ctt.com Buy Mike a Coffee!

Ligia & Mike Deaton of Deaton Equity Partners, provide excellent exercises and mindset tips on how to take your career into your own hands.  Whether a career change is your decision or not, every entrepreneur needs a strong mindset to embark on a new venture.  Ligia and Mike share an exercise to work through fear, discuss the steps to commit and focus on your goals and your WHY!To find out more about Ligia, Mike or Deaton Equity Partners:Website: deatonequitypartners.comEmail: Ligia@ dearonequitypartners.com or Mike@deatonequitypartners.comFacebook @deatonequitypartnersDo you have a story on business development, real estate investing, or other wealth increasing tips?  Please request to be a guest on the Wealth Watchers Podcast by clicking HERETo find out more about what the hosts, Adam Lendi and Justin Hoggatt, check out: happycampercapital.comFollow on Facebook @WealthWatchersCommunity or @HappyCamperCapitalSupport the show (https://www.buymeacoffee.com/wealthwatchers)